Question
N2 What will eventually happen to move the economy back into long-run equilibrium if the increase in taxes caused the economy to move off the
N2
What will eventually happen to move the economy back into long-run equilibrium if the increase in taxes caused the economy to move off the LRAS curve?
wages and input prices will fall, causing SRAS to shift to the right and the economy to move back into long-run equilibrium
wages and input prices will fall, causing SRAS to shift to the left and the economy to move back into long-run equilibrium
wages and input prices will rise, causing SRAS to shift to the left and the economy to move back into long-run equilibrium
wages and input prices will rise, causing SRAS to shift to the right and the economy to move back into long-run equilibrium
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International Marketing
Authors: Philip R Cateora, John Graham, Mary Gilly
18th Edition
1260547876, 9781260547870
